Which Statement About Holders of Preferred Stock Is True

Multiple Choice

Which statement about holders of preferred stock is true?

A) Shareholders hold stock in common.
B) Shareholders have a say in electing the board of directors.
C) Shareholders will be the last in line to recoup investment if the company goes out of business.
D) Shareholders have first claim on dividends.
E) Shareholders have to be repaid on their investment.